Sunday, November 29, 2009

10-Year US Treasury Note - Breakout higher is confirmed

Bond market is clearly showing signals for flight to safety.

I expect next week we see 121.50 - 122 levels exceeded. RSI is climbing steady and I expect the trend to accelerate as the ADX has bottomed already. The break of the Resistance Trend line around 119 - 3 weeks ago has been confirmed by 2 consecutive weekly new higher closes.

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